Japan’s SoftBank Corp, the largest shareholder in Snapdeal, is in talks to invest in FreeCharge, the digital payments unit of the online marketplace, according to two people aware of the development. The round is expected to see FreeCharge, which competes with Alibaba backed Paytm, take in $150-$…
Tag: FreeCharge
InnoVen Capital extends loans worth $6 million to Capillary Technologies, Simplilearn
Venture debt firm InnoVen Capital India on Sep 6 said it has extended loans worth a total of $6 million to consumer analytics company Capillary Technologies Pvt. Ltd and education technology start-up Simplilearn Solutions Pvt. Ltd. Backed by Singapore’s sovereign wealth fund Temasek Holdings Pvt.…
South Africa’s Net1 tops up Mobikwik wallet by $40 million
South Africa headquartered global payments solutions and transaction processing company Net1 UEPS Technologies Inc has announced a strategic partnership with digital wallet player MobiKwik. Net1 will invest $40 million in MobiKwik and will integrate its Virtual Card technology with the MobiKwik w…
Freecharge inks partnership with PayUbiz for digital payments
Freecharge, India fastest growing digital payments platform has partnered with the leading payment gateway solution provider, PayUbiz, to further strengthen its merchant base and help consumers move from cash to digital payments. This integration allows Freecharge to tap PayUbiz more than 10,000 …
FreeCharge’s Chat-n-Pay service records 1 million active users
Freecharge, India’s fastest growing digital payments platform has achieved another milestone in its journey towards a less-cash society. The company has registered one million active users for its Chat-n-Pay service in just two months of its launch. Chat-n-Pay service is an engaging and sec…
Freecharge to take on Paytm on taxi fare payments
While ride hailing services Ola (ANI Technologies Pvt. Ltd) and Uber Inc. strive for a pole position in the domestic ride hailing market, there is another battle silently brewing among wallet and payment service providers Paytm (One97 Communication Pvt. Ltd) and Freecharge to make the most of the…
Alipay and Paytm go to local stores to hard sell e-wallets
Chinese payments company Alipay and Indian partner Paytm said they aim to increase adoption of digital wallets by small store owners in India and China this year. As a part of the initiative, Alipay said it is offering Paytm its technological capabilities and risk management systems to help it gr…
Start-ups milk the IPL cash cow again
Whether you like the Indian Premier League or don’t, there is no escaping the din and crackle surrounding the event this year. And that is exactly what start-ups, paying anywhere between Rs 5 and 5.75 lakh for a 10-second spot on television during the matches, are betting on. The rates, alm…
ixigo launches app discovery platform for train travellers
ixigo, India’s leading travel search marketplace, has announced the launch of an innovative app discovery platform that lets brands reach out to train travellers contextually and helps them discover apps and deals relevant to them. Over 20 brands including Amazon, Flipkart, Paytm, Freecharge, Pep…
Sequoia Capital finds it great to make new investments in startups
Sequoia Capital India strikes a discordant but optimistic note when it says 2016 will be of a “wonderful vintage” and a great year to make new investments in startups. Armed with its largest India-focussed fund of $920 million (Rs6,100 crore), raised this year, Sequoia is scouting for…